Kaiser Reef Ltd (KAU) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kaiser Reef Ltd A$0.07, price A$0.22, upside -69.1%, quality 23 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$0.1000 – A$0.4150 · fair‑value band A$0.0510 – A$0.0935 · the A$0.2200 price screens above the A$0.0680 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Kaiser Reef Limited engages in the exploration, development, mining, production, and sale of gold in Australia. The company was incorporated in 2019 and is based in Subiaco, Australia.
Stock analysis
Kaiser Reef Ltd (KAU) currently trades at A$0.2200, while our model-based Fair Value estimate is A$0.0680, implying the stock looks roughly 223.5% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the evidence level at low.
Scenario range: A$0.0510 (bear) to A$0.0935 (bull), the price of A$0.2200 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 23/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kaiser Reef Ltd reported revenue of A$34.8M in FY2024 versus A$5.1M in FY2020, a compound +61.7%/yr. Reported net income was −A$20.2M in FY2024.
Key figures
Market cap A$131M (≈ $91.6M) · P/E ratio 22.0 · P/S ratio 0.95 · EPS (TTM) A$0.0100 · Net margin −58.1% · Return on equity −9.5% · Return on assets (EBIT) −10.8% · Operating margin 19.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 47% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −69%, KAU screens richer than that median.
Fair Value models
Bear A$0.0510Fair Value A$0.0680Bull A$0.0935
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (A$0.0100 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.28/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+46.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.2%
’20
’21
’22
’23
’24
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−77.5% (2020) → −58.1% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 238 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−69% · Bottom 25%
Profitability
Return on assets4% · Above median
Net margin (TTM)−4% · Bottom 25%
Operating margin (TTM)20% · Below median
Growth and dividend
Revenue growth11% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Gold median · lower = cheaper
P/E (TTM)22.0× · Priciest 25%
P/B1.34× · Cheaper than median
P/S (TTM)0.76× · Cheapest 25%
EV/EBITDA2.2× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)56· sector 100
PAST (return on equity)0· sector 17
HEALTH (low debt)98· sector 98
DIVIDEND (yield)0· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Kaiser Reef Ltd (KAU) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0680 versus a price of A$0.2200, about −69% upside (overvalued).
What is the fair value of KAU?
Our model-based fair value for Kaiser Reef Ltd is A$0.0680 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.2200.
What is the quality score of KAU?
Kaiser Reef Ltd has a Quality Score of 23/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kaiser Reef Ltd (KAU)?
Our model-based price target is the fair value of A$0.0680 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario A$0.0510, optimistic scenario A$0.0935. It is a calculation from audited fundamentals, not an analyst target.
What is the Kaiser Reef Ltd stock forecast for 2026?
Our models put fair value at A$0.0680, about −69% upside versus a price of A$0.2200 (overvalued). Cautious scenario A$0.0510, optimistic scenario A$0.0935. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Kaiser Reef Ltd (KAU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kaiser Reef Ltd it is A$0.0680 per share (as of Sep 23, 2026), against a price of A$0.2200. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Kaiser Reef Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, KAU trades above its calculated fair value: price A$0.2200, fair value A$0.0680, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KAU?
No. The price is what the market pays today (A$0.2200); the fair value is what the company's own numbers justify (A$0.0680). For Kaiser Reef Ltd the two are A$0.1520 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kaiser Reef Ltd worth?
The market values Kaiser Reef Ltd at about A$131M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.2200; our models calculate a fair value of A$0.0680 per share.
What do the bullish and bearish scenarios say about KAU?
Our models span a range for Kaiser Reef Ltd: cautious scenario A$0.0510, base A$0.0680, optimistic A$0.0935 per share (as of Sep 23, 2026, price A$0.2200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KAU?
Kaiser Reef Ltd trades at a price-to-earnings ratio of 22.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.0680 is built from several models across several years. Other multiples: P/B 1.3, P/S 0.8, EV/EBITDA 2.2.
How solid is the balance sheet of Kaiser Reef Ltd (KAU)?
Balance-sheet figures for Kaiser Reef Ltd (as of Sep 23, 2026): return on equity −9.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is KAU from its 52-week high?
Kaiser Reef Ltd trades at A$0.2200, about 47% below its 52-week high of A$0.4150 and 26% above the low of A$0.1750 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0680 is for.
Which stocks are comparable to Kaiser Reef Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Barrick Mining Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kaiser Reef Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.2200, calculated fair value A$0.0680 (−69%), Quality Score 23/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KAU calculated?
We run Kaiser Reef Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0680, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Kaiser Reef Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kaiser Reef Ltd (KAU)?
The closing price on Sep 24, 2026 was A$0.2200. Our model-based fair value is A$0.0680, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kaiser Reef Ltd right now?
The price sits above even our optimistic bull case (A$0.0935). The favourable scenario is already priced in. Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.0510 to A$0.0935) leaves room in how you read the outcome.
Key figures of Kaiser Reef Ltd
How large is the market capitalisation of Kaiser Reef Ltd (KAU)?
The market capitalisation of Kaiser Reef Ltd is A$131M (≈ $91.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kaiser Reef Ltd (KAU)?
The price-to-sales ratio of Kaiser Reef Ltd is 0.95 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kaiser Reef Ltd (KAU)?
Earnings per share at Kaiser Reef Ltd are A$0.0100 (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kaiser Reef Ltd (KAU)?
The net margin of Kaiser Reef Ltd is −58.1% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kaiser Reef Ltd (KAU)?
The return on equity (ROE) of Kaiser Reef Ltd is −9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kaiser Reef Ltd (KAU)?
On an EBIT basis the return on assets of Kaiser Reef Ltd is −10.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kaiser Reef Ltd (KAU)?
The operating margin of Kaiser Reef Ltd is 19.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kaiser Reef Ltd (KAU)?
Revenue at Kaiser Reef Ltd is growing +11.2% versus a year earlier (3y avg +15.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Kaiser Reef Ltd (KAU) generate?
The free cash flow of Kaiser Reef Ltd is −A$7.6M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Kaiser Reef Ltd (KAU) hold?
Kaiser Reef Ltd holds more cash than debt, A$10.9M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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